Sydney Airport earns $1.36B revenue in FY16

Sydney Airport (ASX:SYD) posted quite an impressive set of 2016 full year results.

Last year, the company had record passenger numbers, with its aeronautical revenue gaining 17.4% to $614.2 million. This was due to technology improvements and greater capacity. The company’s aeronautical revenue accounts for 51% of its total revenue.

In the the 12 months ending 31 December 2016, the company earned $1.36 billion in total revenue - which is 11% higher than the previous year.

As for its statutory profit after tax, it rose 13.4% to $320.9 million.

In total, the company paid a total distribution of 31 cents per stapled security for the 2016 full year. Its final distribution of 16 cents was paid a few days ago on 14 February.

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David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.